Saudi Arabia's steel industry, a cornerstone of the kingdom's infrastructure and economic development since the 1950s, continues to solidify its position as a regional powerhouse. In 2024, the sector achieved an output exceeding 10 million tons, contributing 1.8%-2.2% to GDP with an annual value of US$20-25 billion.

Long steel products, including rebar and wire rods, dominate 65%-70% of production, primarily serving domestic construction needs. Exports reached US$8.5 billion (4.3% of non-oil exports), with key markets in the UAE, Egypt, and Pakistan.

The industry is led by five major players: Al-Ittefaq Steel, Riyadh Steel, SABIC (diversifying into steel alloys), Zamil Steel, and Al Muhaidib Group, each specializing in construction materials, structural steel, and industrial applications.

Aligned with Saudi Vision 2030, the kingdom is prioritizing modernization through partnerships in energy-efficient processes, digitalization, and green technologies. Upcoming projects under the vision are expected to drive demand for high-grade steel.